Vehicles sat on dealership lots longer in August than at any point since mid-2009. Even so, the 0 percent financing deals that can spur sales ebbed, Edmunds said last week.
Last month, the average number of days a new vehicle sat on a dealership lot before being sold was 77, four days longer than in August 2016. But 0 percent financing, likely a useful driver to sell vehicles, fell to 10 percent of loans in August, vs. 15 percent a year earlier.
Days to turn reached 87 in July 2009, during the Great Recession.
"Through 2017, the time that cars are spending in inventory lots has grown, and I think a lot of that is just because of the high inventory numbers we're seeing out there," Jessica Caldwell, Edmunds' director of pricing and industry analysis, told Automotive News.